“The stability of our business and the dedication of our people have been on full display, as we continue to deliver strong financial results despite the challenges of the pandemic.”
Those were the words of Seifi Ghasemi, Air Products’ Chairman, President and CEO, when he today (9th August) reflected on the company’s third quarter (Q3) fiscal 2021 results.
For the quarter, the industrial gas giant highlighted impressive sales of $2.6bn, a 26% increase on 12% high volumes, 6% higher energy cost pass-through, 6% favourable currency and 2% higher pricing.
Air Products also reported GAAP EPS from continuing operations of $2.36, up 17%; GAAP net income of $532m, up 16%; and GAAP net income margin of 20.4%, down 170 basis points, each versus prior year.
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